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Aquila dives as China’s Baosteel warns no better bid coming

Cecilia Jamasmie | June 13, 2014 | 1:21 pm Energy Australia China Europe Coal Iron Ore 

Shares in Australian Aquila Resources (TSE, ASX: AQA) took a steep dip Friday after Chinese steel giant Baosteel Resources said it would not sweeten its $1.3 billion takeover offer for the iron ore and coal explorer. Aquila’s stock closed down 12.43% to A$3.10, the most...

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